FinTech News

Finvasia takes funding for investment portal

Indian investment platform Finvasia has raised an undisclosed round of funding in its pre-launch phase. The investment comes from Indian VC Intrinsic and values the company at Rs150 crore ($22m).
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FinTech accelerator H2 Ventures looks for $41m in IPO

H2 Ventures, an Australian FinTech accelerator, has filed a prospectus for its new venture H2Ocean to IPO on the Australian stock exchange.
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Paytm pockets $60m of $300m target

One97 Communications, which operates Indian m-commerce platform Paytm, has raised $60m as a first step towards reaching a targeted $300m for its new round of funding.

Behalf brings in $27m for small business purchasing power

New York-based Behalf has raised $27m in a Series C round of funding to continue offering purchasing power to small business.
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Jumio lands $15m for payment verifications

Identity verification startup Jumio has raised $15m in a new round of funding after its assets where acquired by Centana Growth Partners in May.

Kufu Takes $4.9m for automated HR platform

Kufu, a Japanese company developing HR automation platform SmartHR, has raised ?500m ($4.9m) in a new round of funding led by WiL (World Innovation Lab).
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LoanTap grabs $3m to lend to professionals

LoanTap, a Mumbai-based online lender, has raised $3m in a Series A round. The capital comes from angel investors.

Credit Kudos lands $792,000 for data-driven credit scores

Credit Kudo is taking on ?600,000 ($792,000) in a round of seed funding led by FinTech VC NFT Ventures.
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Online lending group grabs Wall Street lobbyist

Online lenders are growing their presence in Washington with the hire of lobbyist Nat Hoopes to lead the Marketplace Lenders Association.

Momfo takes $14m for property financing platform

Momfo, a Shanghai-based property financing platform has raised ?95m ($14m) in a Series A round of funding led by Gobi Partners and Kaitai Capital.

News Stories

Strong week in the FinTech sector with $1.7bn raised

FinTech Global this week reported on 21 recorded deals in the FinTech sector, with a strong showing in the reinsurance space bringing the total value recorded over $1bn.

EU regulator suggests revamp in sustainable investment rules

The ESMA has recently recommended a significant overhaul of the Sustainable Finance Disclosure Regulation (SFDR) within the EU.
MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MNT-Halan expands into Turkey with acquisition of Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

EU banks and insurers lag in green compliance, PwC study finds

A recent PwC study has uncovered a striking deficiency in the alignment of financial institutions’ activities with the EU's taxonomy for sustainable activities. According...
India

India’s new climate finance taxonomy to propel green transition

India is poised to implement a climate finance taxonomy, as announced by the Minister of Finance, Nirmala Sitharaman, during the annual budget.

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